New Century AIM VCT Plc operates as a venture capital trust. The company's objective is to achieve long term capital growth through investment in a diversified portfolio of Qualifying Companies primarily quoted on AIM. The Company has been approved by the Inland Revenue as a Venture Capital Trust for the purposes of Section 842AA of the Income and Corporation Taxes Act 1988. Investment management services are provided by M D Barnard & Company Ltd for a fee calculated at 1% per annum (exclusive of VAT) of the net assets of the Company. The agreement is for a minimum period of three years from 24-Mar-2005 terminable by either party at any time thereafter by one year's prior written notice. The company was founded on February 2, 2005 and is headquartered in Laindon, the United Kingdom.